| General information | |
|---|---|
| Global rank: | 4834 |
| Name: |
JPEG'd |
| Symbol: | JPEG |
| Current coin price (MNT): | 1.98 ₮ |
| Last hour: | arrow_upward0.330 % |
| Last 24 hours: | arrow_downward-1.30 % |
| Last 7 days: | -12.12 %trending_down |
| Capitalisation (MNT): | 0.000000 ₮ |
| Volume 24h (MNT): | 31 089 076.73 ₮ |
| Available supply: | 0.000000 JPEG |
| Total coin supply: | -1 JPEG |
| Start date: | 2021-11-07 |
JPEG'd/Mongolian Tugrik (JPEG/MNT) price chart
JPEG'd/Mongolian Tugrik (JPEG/MNT) capitalisation and volume charts
JPEG'd is a decentralized lending protocol on the Ethereum blockchain that enables non-fungible token (NFT) holders to open collateralized debt positions (CDPs) using their NFTs as collateral. Users mint PUSd - the native stablecoin of the protocol - enabling them to effectively obtain leverage on their NFTs.
The protocol will be managed by a governance token, JPEG, that will oversee, administer, and change parameters to the protocol.
JPEG'd is completely permissionless, decentralized, and is not controlled by any central entity. JPEG's aim is to bridge the gap between DeFi and NFTs and eventually allow any NFT collections, voted by governance, to obtain a line of credit using their NFTs as collateral on the protocol.